Updated on 26 November 2020
BNI - Banco de Negócios Internacional (Europa) (Banco BNI) provides a range of selected retail and corporate banking products and services to individuals in Portugal, to expatriates in Angola and companies. Banco BNI offers a modern low-cost digital platform with innovative products tailored to its customers’s needs.
Banco Português de Gestão (BPG) was established in 2000 and operates as a universal bank, providing a broad range of products and services in retail, private, corporate and investment banking. Banco Português de Gestão is focused on providing its solutions to social economy sector (for instance, private charities and other not-for-profit organisations in the areas such as healthcare, education, childhood, seniors, special needs, social and professional insertion).
Group ATLANTICO started its operations in 2006 in Luanda (Angola) with the strategic goal to become a innovative financial institution. Now ATLANTICO presents in all provinces of Angola providing financial services to individuals, companies and public sector organizations. In 2009 ATLANTICO started its international expansion and Banco Privado Atlântico - Europa was founded in Portugal. Banco Privado Atlântico - Europa offers a broad range of retail and corporate banking products and services.
Banco BAI Europa was establsihed in Portugal in 1998 and operates as a subsidiary of Banco Angolano de Investimentos, SA (Angola). Banco BAI Europa provides a broad range of retail, corporate and investment banking products and services to private individuals and companies.
In December 2015 Novo Banco (Portugal), the successor of Banco Espirito Santo (BES), completed the sale of its investment banking division to Haitong Securities (China), the division was renamed to Haitong Bank. Haitong Bank specializes in providing investment banking products and services. Haitong Bank also accepts retail deposits.
Austria: This product is offered to Austrian residents only. When clicking on the product link you will be redirected to the product page in German.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Portugal: currency, interest rate per annum and deposit term. The time deposit accounts terms vary from 3 month to 5 years (60 months). The interest rates are within the range 0.10 - 1.45 %. The interest rates provided in the table do not take into account withholding tax levied on interest income in Portugal.
Average Deposit Rates. In March 2020, average annual deposit interest rate in local currency (Euro) of new contracts with fixed term up to 1 year between credit institutions and retail customers (households) was 0.07 %.
Country Deposit Rating. Portugal's Moodys country ceiling (the highest rating that can be assigned) for deposits in local currency is set to Aa3 (high grade).
Deposit Guarantee. Time deposit accounts made with credit institutions in Portugal are covered by deposit guarantee scheme up to 100,000 EUR per depositor.
Withholding Tax. Interest income gained on time deposit accounts by non-residents of Portugal is not taxed. Interest gained on time deposit accounts by residents of Portugal is taxed at 25.00% rate. When the interest is paid, this tax is automatically withhold from the time deposit account by the bank.